A recent survey by Redfin revealed that less than half of home buyers said 2017's Tax Reform affected their home searches. The survey was.
47% of homebuyers say 2018's tax reform bill has impacted their home search. state and local taxes, Redfin reports that less than half of homebuyers say it. March 2018, which is when tax reform's effects were mostly speculative.. most because those homes have been hit the hardest by this tax reform,
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It’s been a full year since the tax reform bill was passed by Congress and it is now starting to have impacts across the country, especially on homeowners.While many homeowners, homebuyers and r. A higher standard deduction of $12,000 for single individuals and $24,000 for joint returns was also part of the new tax law. Nearly doubling the.
More than a year after the tax code overhaul, less than half of homebuyers (47 percent) say that tax reform has had an effect on their home search, according to a March survey commissioned by Redfin of more than 2,000 U.S. residents who planned to buy or sell a primary residence in the next 12 months.
· The Redfin analysis looked at a typical potential first-time homebuyer earning the national average salary of $65,879 for the Census Bureau’s 24-44 year old age bracket, with an average of $17,938 in student debt, based on data from Lending Tree.
High-income homebuyers were the most likely to report in this year’s survey that tax reform has had some sort of effect on their home search. Of those homebuyers earning $150,000 or more, 61 percent said that the new tax law had an effect on their home search, which was true for less than half of households earning under $150,000.
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President Trump’s tax reform package had an impact on nearly half of potential buyers searching for a new home, nine percentage points less than one year ago, according to a new Redfin survey. The tax code revision put in more of a limitation on mortgage interest and added a cap on property tax deductibility that was previously unlimited.
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